US HB4569 | 2013-2014 | 113th Congress
Status
Spectrum: Partisan Bill (Republican 3-0)
Status: Engrossed on December 3 2014 - 50% progression, died in committee
Action: 2014-12-03 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Engrossed) [PDF]
Status: Engrossed on December 3 2014 - 50% progression, died in committee
Action: 2014-12-03 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Engrossed) [PDF]
Summary
Disclosure Modernization and Simplification Act of 2014 - Directs the Securities and Exchange Commission (SEC) to issue regulations permitting issuers to submit a summary page on annual and transition report form 10-K if each item on that page cross-references electronically or otherwise the material contained in form 10-K to which the item relates. Requires the SEC to revise regulation S-K (Standard Instructions for Filing Forms under the Securities Act of 1933, the Securities Exchange Act of 1934 and the Energy Policy and Conservation Act of 1975) in order to: reduce the burden on smaller issuers, including emerging growth companies, accelerated filers, and smaller reporting companies (while still providing all material information to investors); eliminate duplicative, overlapping, outdated, or unnecessary provisions; and for which o further study under this Act is necessary to determine the efficacy of such revisions. Directs the SEC to study ways to: (1) modernize and simplify requirements in regulation S-K, and (2) evaluate information delivery and presentation methods as well as explore methods to discourage repetition and disclosure of immaterial information. Requires the SEC to issue a proposed rule to implement any recommendations it makes to Congress based on the study.
Title
Disclosure Modernization and Simplification Act of 2014
Sponsors
Rep. Scott Garrett [R-NJ] | Rep. Randy Hultgren [R-IL] | Rep. Robert Hurt [R-VA] |
History
Date | Chamber | Action |
---|---|---|
2014-12-03 | Senate | Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
2014-12-02 | House | Motion to reconsider laid on the table Agreed to without objection. |
2014-12-02 | House | On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H8258) |
2014-12-02 | House | DEBATE - The House proceeded with forty minutes of debate on H.R. 4569. |
2014-12-02 | House | Considered under suspension of the rules. (consideration: CR H8258-8260) |
2014-12-02 | House | Mr. Garrett moved to suspend the rules and pass the bill, as amended. |
2014-12-02 | House | Placed on the Union Calendar, Calendar No. 482. |
2014-12-02 | House | Reported (Amended) by the Committee on Financial Services. H. Rept. 113-642. |
2014-05-22 | House | Ordered to be Reported (Amended) by the Yeas and Nays: 59 - 0. |
2014-05-22 | House | Committee Consideration and Mark-up Session Held. |
2014-05-06 | House | Referred to the House Committee on Financial Services. |
2014-04-09 | House | Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Introduction and Referral. |
Same As/Similar To
HB5405 (Related) 2014-09-17 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Subjects
Administrative law and regulatory procedures
Business records
Congressional oversight
Corporate finance and management
Finance and financial sector
Financial services and investments
Government information and archives
Government studies and investigations
Securities
Securities and Exchange Commission (SEC)
Small business
Business records
Congressional oversight
Corporate finance and management
Finance and financial sector
Financial services and investments
Government information and archives
Government studies and investigations
Securities
Securities and Exchange Commission (SEC)
Small business